Dunelm Group (LON:DNLM) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Dunelm Group plc (LON:DNLM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,128.08 ($14.73) and traded as high as GBX 1,204 ($15.72). Dunelm Group shares last traded at GBX 1,204 ($15.72), with a volume of 775,551 shares.

Wall Street Analysts Forecast Growth

DNLM has been the topic of several research analyst reports. Berenberg Bank raised their target price on shares of Dunelm Group from GBX 1,410 ($18.41) to GBX 1,470 ($19.20) and gave the stock a “buy” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their target price on shares of Dunelm Group from GBX 1,140 ($14.89) to GBX 1,170 ($15.28) and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,325 ($17.30) target price on shares of Dunelm Group in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,060 ($13.84) target price on shares of Dunelm Group in a report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,220.83 ($15.94).

Dunelm Group Stock Up 0.3 %

The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The company has a market capitalization of £2.43 billion, a price-to-earnings ratio of 1,627.03, a P/E/G ratio of -10.32 and a beta of 1.18. The stock’s fifty day moving average price is GBX 1,206.79 and its 200-day moving average price is GBX 1,128.08.

Dunelm Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 31st will be issued a GBX 27.50 ($0.36) dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 2.23%. Dunelm Group’s dividend payout ratio (DPR) is presently 5,945.95%.

Insider Activity

In other Dunelm Group news, insider Luisa Wright acquired 2,452 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average cost of GBX 1,139 ($14.87) per share, for a total transaction of £27,928.28 ($36,469.42). 34.28% of the stock is owned by corporate insiders.

Dunelm Group Company Profile

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.